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Home News Rajoy demands ECB cash injection to save economy

Rajoy demands ECB cash injection to save economy

Published on 11/04/2013
 Rajoy demands ECB cash injection to save economy
El País

The Spanish Prime MInister has demanded "radical change" to EU austerity policies and intervention by the European Central Bank (ECB) to relieve countries like Spain and Portugal, which have implemented policies requested by the EU.

Mariano Rajoy wants the ECB to inject money into the economy, a policy already implemented by the US Federal Reserve and the Bank of Japan. Rajoy’s declaration came shortly after German Minister of Finance, Wolfgang Schäuble, publicly stated that he did not believe such a measure would "adequate".

The daily calls for a "monetary revolution", and argues that ECB intervention could also boost the competitivity of the Eurozone.


Read this article in Spanish.

Reprinted with permission of Presseurop.

 Presseurop